He is alleged of his involvement in conversion of old currency note to the new currency note and it is said that he is linked with the businessman and AIADMK functionary Shekhar Reddy.

Recently, in December, IT department had conducted three -day raid at Shekkar Reddy’s house in which they recovered Rs 154 crore , in which Rs 34 crore was in new currency notes of Rs 2000 and over 167 kg of gold.

However, it is not clear yet that the raid conducted at P. Rama Mohana Rao’s residence is associated with the previous seizures made by the Income Tax Department in Tamil Nadu.

The GenX Times

The GenX Times ( Voice of Generation X ) is a 21st-century Digital Media House news service which is committed to deliver sharp, focus, the crux of news around you. Our Goal is to present basic viewpoints to these stories through rigorous reporting and faster analysis. The GenX Times, founded in 2016, is owned by GenX i Media Private Limited.